Andorra
Answer ... In addition to a competitive corporate tax regime, a key attraction of Andorra is the favourable tax treatment of dividends and capital gains where certain requirements are met. Double tax treaties with Spain and Portugal may allow for attractive international tax planning strategies based on Latin American and European corporate structures.
Andorra’s patent box regime, which provides an effective corporate tax rate of 2%, remains interesting to watch as the country strives to become a potential technological hub, with human resources increasing in this sector.
Finally, Andorra’s landscape and high quality of living may attract beneficial owners and corporate managers who can benefit from personal taxation advantages beyond what corporate entities enjoy.
Co-Authored by Patrick Mueller, Partner.